IQE plc (LON:IQE – Get Free Report) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 22.88 and traded as high as GBX 40.55. IQE shares last traded at GBX 39.30, with a volume of 25,227,090 shares traded.
Analyst Upgrades and Downgrades
Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 60 price target on shares of IQE in a research report on Wednesday, May 27th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of GBX 60.
Check Out Our Latest Analysis on IQE
IQE Stock Up 5.4%
IQE (LON:IQE – Get Free Report) last announced its quarterly earnings data on Thursday, May 28th. The company reported GBX (2.82) EPS for the quarter. IQE had a negative net margin of 37.71% and a negative return on equity of 37.49%. The business had revenue of GBX 9,730 million during the quarter. Analysts forecast that IQE plc will post 0.37 earnings per share for the current year.
About IQE
IQE is the leading supplier of compound semiconductor wafer products and advanced material solutions to the global semiconductor industry.
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